Agencies Announce Threshold for Smaller Loan Exemption from Appraisal Requirements for Higher-Priced Mortgage Loans

News Release 2019-127 | October 31, 2019 Share This Page: Joint Release Federal Reserve Board of GovernorsConsumer Financial Protection BureauOffice of the Comptroller of the Currency WASHINGTON—The Consumer Financial Protection Bureau, Federal Reserve Board, and Office of the Comptroller of the Currency today announced that the threshold for exempting loans from special appraisal requirements for higher-priced […]

Readouts from a Treasury Spokesperson on Secretary Mnuchin’s Meetings in the United Arab Emirates on October 31, 2019

Readout from a Treasury Spokesperson on Secretary Mnuchin’s meeting with His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi  Abu Dhabi – U.S. Treasury Secretary Steven T. Mnuchin met with His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi. Secretary Mnuchin thanked the Crown Prince for his […]

Report on U.S. Portfolio Holdings of Foreign Securities at End-Year 2018

Washington – The findings from the annual survey of U.S. portfolio holdings of foreign securities at year-end 2018 were released today and posted on the Treasury web site at https://www.treasury.gov/resource-center/data-chart-center/tic/Pages/shcreports.aspx The survey was undertaken jointly by the U.S. Department of the Treasury, the Federal Reserve Bank of New York, and the Board of Governors of […]

Treasury and IRS Issue Guidance to Reduce Regulatory Burdens on Taxpayers and Protect the U.S. Tax Base

WASHINGTON—The Treasury Department and Internal Revenue Service today issued guidance to taxpayers to eliminate costly documentation requirements and provide advance notice of their intent to streamline other regulations under section 385 of the Internal Revenue Code. “The Tax Cuts and Jobs Act leveled the playing field for American businesses and finally allowed the U.S. to […]

FTC Approves Final Order Prohibiting Conduct by Therapist Staffing Company and Two Owners Accused of Colluding with Competitors on Compensation

Following a public comment period, the Federal Trade Commission has approved a final order settling charges that a Texas company providing therapist staffing services to home health agencies, its owner, and the former owner of a competitor agreed to reduce pay rates for therapists and invited other competitors to collude on the rates. According to the […]

Readouts from a Treasury Spokesperson on Secretary Mnuchin’s Meetings in Saudi Arabia on October 29, 2019

Readout from a Treasury Spokesperson on Secretary Mnuchin’s meeting with His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud of the Kingdom of Saudi Arabia Riyadh – U.S. Treasury Secretary Steven T. Mnuchin met with His Royal Highness Mohammed bin Salman, Crown Prince, Deputy Premier, and Chairman of the Council of Economic […]

Readouts from a Treasury Spokesperson on Secretary Mnuchin’s Meetings in Saudi Arabia on October 30, 2019

Terrorist Financing Targeting Center Jointly Designates Network of Corporations, Banks, and Individuals Supporting IRGC and Hizballah Riyadh – On October 30, the seven member nations of the Terrorist Financing Targeting Center jointly designated 25 targets affiliated with the Iranian regime’s terror-support networks in the region.  This is the TFTC’s largest joint designation to date, and […]

Treasury and IRS Announce Proposed New Tax Form to Collect Opportunity Zone Fund Data

Washington – The United States Department of the Treasury and the Internal Revenue Service (IRS) today released a proposed Form 8996 for Qualified Opportunity Funds (QOFs) for the 2019 tax year. The form is designed to collect information on the amount of investment by opportunity funds in business property by census tract. “This is an […]

FTC Releases Results of 2017 Mass-Market Consumer Fraud Survey

The Federal Trade Commission has released the results of a comprehensive survey conducted in 2017 that examined the prevalence of mass-market consumer fraud, how it is perpetrated, and what factors are associated with a greater likelihood that a consumer may fall victim to fraud. The FTC conducted similar surveys in 2003, 2005, and 2011. The […]

Military Service Members Can Obtain Free Credit Monitoring Starting on October 31

Starting October 31, many members of the military will have access to free electronic credit monitoring, which can help them spot identity theft. In response to a new FTC Rule implementing a 2018 law, the nationwide credit reporting agencies—Equifax, Experian, and TransUnion—are providing free electronic credit monitoring services to active duty service members and National […]